Higher government spending is a direct tax on growth. Nations that spend more inevitably grow more slowly. Those who vote for Hillary Clinton and all of her many ideas to spend more should know that they are voting for lower incomes, more poverty and fewer jobs.
Three basics people all around the world have in their kitchens.
Three staples always in stock in groceries and supermarkets for any home cook looking to rustle up a family meal, pancakes or a quick, nutritious drink.
But in Venezuela, you can get these products only if you’re lucky or have the connections and the cash. A lot of cash.
down and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on
On this particular day a rich German tourist is driving through
the village, stops at the local hotel and lays a €100 note on the
desk, telling the hotel owner he wants to inspect the rooms
upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has
walked upstairs, the hotelier grabs the €100 note and runs next
door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay
his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill
at the supplier of feed and fuel.
The guy at the Farmers’ Co-op takes the €100 note and runs to pay
his drink bill at the tavern.
The pub owner slips the money along to the local prostitute
drinking at the bar, who has also been facing hard times and has
had to offer him “services” on credit.
The hooker then rushes to the hotel and pays off her room bill to
the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter
so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the
€100 note, states that the rooms are not satisfactory, pockets the
money, and leaves town.
No one earned anything.
However, the whole village is now out of debt and looking to the
future with a lot more optimism.
And that is how the bailout package works!
Is the financial mainstream discriminatory? It discriminates like any other rational entity that is vying to survive and make a profit. Why should a bank lend to a person who is irresponsible, unreasonably risky, or both? According to the race hustlers, certain racial minorities require special consideration because they are disproportionately turned down for a home loan. This is another example of government meddling that has ostensive motives to assist the poor, but in reality create economic havoc and ultimately hurt the very people they purport to be helping. And as often is the case, the poorly conceived policies are reinforced and propagated because the intention of doing good outweighs the stark reality of failure and misery that such policies sustain and perpetuate.
The Big Short and IBD editorials cover the housing bubble of 2008 and the new bubble that is growing right now. Like most Democratic policies, chaos will ensue once the unsustainable nature of the policy runs head-on into reality. Unlike the realities in the private sector, poor decisions through policy making is often rewarded by the ignorant voters who sip the same koolaid that a corrupt and sycophantic media continues to pour.
About 23.6% of people age 25 to 34 live with their parents, grandparents or both, according to Pew. That’s up from 18.7% in 2007, just prior to the global financial crisis, and from 11% in 1980.
Perhaps a huge chunk of that demographic is suffering from the hard lessons of voting against their own economic interests. It was nice to cast a ballot for the first “black” president, but reelecting Barry only insured further decline of economic opportunities throughout the nation. Now millennials can experience equality from the trickle-up poverty policies that Democrats have instituted.
The number of multigenerational families soared during the recession. It has continued to rise since then, although at a slower pace.
The LA Times won’t shed any light on the origin of the trend or explain its persistence. The discerning reader will pinpoint the myriad of liberal pathogens i.e. onerous regulations, crippling taxes, monetary policy, etc. that stymie growth. The lefties will simply blame Bush.
The short video explains the power of voting with your purchases and how choosing American -made produces will stem the tide of outsourcing.
There are three points that I believe will spell failure to an otherwise solid plan to reinvigorate the American economy. First, Americans by and large are terrible voters and make poor choices when given the power to choose. They gave the fox the keys to the hen house twice when it came for electing an executive to the White House! Voting with their purchases is really asking a lot from a populace who decided to throw their country away when they casted their ballots for Obama.
The second point concerns economic laws. Paying more and getting less runs counter to getting the most bang out of your buck. Buying just an extra 5% of American made products doesn’t seem like much, but spreading that increase across the nation will in fact employ the power of economies of scale. Certainly, the sheer force of numbers will drive businesses to supply the demand. Sure, the old law of supply and demand will buoy up the sectors of the economy where people are purchasing more products. Nevertheless, there are fatal systemic problems that the narrator didn’t touch on.
Finally, systemic problems promote a toxic economic environment. Government’s overreaching regulations, onerous taxation, and a host of business disincentives drives jobs, talent, and wealth from our shores. The American people, perhaps unknowingly, voted for this array of wealth-killing initiatives by electing a president who knows nothing about creating wealth, but certainly excels in taking it or destroying it.
I can’t knock the narrator for putting forth an approach that empowers consumers to promote positive economic change. Lord knows our country needs it. However, the very people who need to make these changes are also the ones who voted for America’s demise. We are quickly becoming a nation of takers and looters. Government policy has created the perfect death spiral of disincentives that fuel a perpetuating underclass dependent on an elected entity that eviscerates the economic forces that would have created the jobs, opportunities, and independence for the very people they claim to be helping. Let the truth be know, the politicians really don’t want people to be independent; they just might start thinking on their own and start voting for the other guy who promotes liberty and wealth through free markets, smaller government, and rule of law.
Granted, buying American products will promote job growth, but it’s a pipe dream when we have an electorate that puts a man like Obama in the highest office in the land. Don’t forget to thank the fourth estate, our beloved media, for making the Obamanation a reality.
Lew told CNN\’s \”State of the Union\” show last Sunday \”there is no option preventing us from being in default if we don\’t have the cash to pay our bills.\”
No option? In reality, we have more than enough cash to pay our debts. Revenues flowing into federal coffers exceed our debt payments by nearly 12-to-1.
Sure, if we breached the debt ceiling, we would have to cut federal spending elsewhere and shut down some unnecessary functions of government — a kind of Super Sequester. But our debts would be paid.